The Serie A champions are hopeful of bringing the former Lazio full-back to Turin in a combined €23.5 million deal with the Argentine
Juventus have made Aleksandar Kolarov their second Manchester City target this summer alongside Carlos Tevez.
The Serie A outfit believe that the Serbia international will slot into their wing-back system and are hoping to take advantage of City's desire to sell the 27-year-old to secure a cut-price move.
The left-sided defender moved to the Etihad Stadium from Lazio for around €18 million in 2010 and the Premier League runners-up are willing to take something of a hit on that figure as they look to cut his €105,000-a-week earnings from the wage bill.
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The former Lazio star struggled to make an impression for City during 2011-12 and openly hinted that he would leave the Etihad Stadium if he could be guaranteed regular football elsewhere.
"I am in constant contact with my agent, so we will soon see what happens," he said in June 2012. "I am very happy here in Manchester but my goal is to play with greater regularity. I said it to [former boss Roberto] Mancini.
"Money has nothing to do with it and I have no problem with wages. It's simply that I would like to be able to feel more of a regular."
And, after making just 11 Premier League starts last season, Juventus believe that they can tempt the defender to move to Turin, although they will struggle to match his current €233,000-per-week pay.
City's move for Edinson Cavani, meanwhile, has hit a snag; their Edin Dzeko-plus-cash offer was rejected and Napoli president Aurelio De Laurentiis recently claimed that they are unwilling to pay his €63m buyout clause in full.